JD.com Archive

The China Edit | Far East Slowdown, Duty-Free Expansion, Alibaba Revenue

“China’s Luxury Lifestyles Fall Prey to the Far East Slowdown“ (The Telegraph)“The trend has forced many global retailers to change their strategies to lure a new generation of fashionable young Chinese consumers who prefer to purchase luxury global brands on cross-border e-commerce sites, rather than wait for it to be released in China.” “China’s JD.com Revenue Meets Expectations as Slowdown Continues“ (Reuters)“JD.com reported revenue for …

Wal-Mart in Talks to Buy Online Retailer Jet.com

BENTONVILLE, United States — Wal-Mart Stores Inc is in talks to buy online retailer Jet.com, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. It was not clear how much Wal-Mart would pay, but Jet.com could be worth as much as $3 billion (£2.25 billion), the WSJ said. Wal-Mart declined to comment. Jet.com, considered a formidable competitor to Amazon.com Inc, was …